Sacramento daily record-union. [volume] (Sacramento [Calif.]) 1875-1891, 1887-09-02

people with spare cash Immediately set
| ABOUT 10 turn it into land Most of the
landowners, however, are not anxious to
sell to spectators, but prefer to
| SELL TO THE BONA FIDE SETTLERS
Who are coming in, when they sell at all.
This is sentiment to be commended, and
1t shows that the boom here is solid one
and not wildcat affair, as is too often the
case. 1t is doubtful if real estate ever ex-
perlenced a more rapid increase in the his
tory OF booms than did Folsom real estate
! Wnen II became known that the Natoma
company was about to throw open por-
tlon OF Its land for settlement. A fair sam
| pie was the case where Isaac Fiel sold
twelve lots at an advance of 875 per cent.
over the price they sold for six months ago.
a number OF other similar sales were made.
Almost everyone owning land in or near
town has been approached by parties
anxious to buy. Every day people from
Sacramento and San Francisco are coming
ID and getting acquainted with the coun.
Try. Isaac Fiel has opened a real estate
agency and is preparing a map of every
block in town. John K. McComber has
caught the fever and is buying up land
right and left. He has been offered a good
price for his livery business, but declines to
sell. Altogether, spirit OF enterprise and
actiVlty has taken possession of the town,
ana new era OF prosperity appears to be
opening before us.
d. j. Simmons evidently thinks music
hath charms" even for boomers, and en-
Pioyed brass band at one of his sales.
The property brought good prices.
The margin men, the five-day optionists
who want to realize fortunes from $40 or
less nave been crowded out; property
holders demand cash, or good round paw
ment, and in consequence the curb-stone
brokers' are saying the bottom is
knocked out of the BOOM" Some of those
individuals made handsome sums during
Inc earlier excitement, but the business
has settled down to business principles,
and, like Othello, their business is gone.
Instead OF the " boom being busted" it
has just commenced, and the sales of yes
terday, IN business point of view, were
the best since it began. Good farm land
sells as rapidly as it is offered, and scores
OF sales are made that are not made public |
upon the streets.
Inc advertising columns of this issue are |
full OF fine bargains, both in city lots and |
country realty. A careful perusal of all |
will no doubt be made by those who wish |
to secure good bargains.
BooMs ELSEWHERE.
STOCKTON, September 1st.-The excite |
IL
and is unexampled in the history of this |
section. The real estate offices are crowded !
to-day more than since the excitement be- |
gan. Old settlers can scarcely realize the |
change that has come over things. MANY |
purchasers are Eastern people. Prices are |
going up every day. Adjacent subdivisions |
are selling as fast as transfers can be made. |
OAKLAND, September 1st-Real estate |
matters continue about as they were YES
terday. There is no excitement, but good |
business is being done in outside proper
ties as well as city lots for resident pur-
poses. The teachers syndicate is growing
IN numbers and amount of funds sub |
scribed daily, and there is now talk of an
incorporation.
MODESTO, September 1st.-Much activity
mas peen shown in city lots, and they
have advanced from 40 to so per cent. within
three days. Several large sales of suburban
property have been announced, at greatly
increased values. The railroad company
have increased prices of their railroad lots
$25 each.
GILRoY, September 1st.-The fable of the
goose and the golden egg is being re-enact-
ed IN this valley. Such high prices are be-
ing placed on large ranches that sales are
prevented, but many offers are being made,
showing the great desire to purchase.
CALIsToGA, September 1st.-The demand
for real estate here has been unusually
brisk the past two days, and many sales
have been made, though not at fancy
prices. Property is also being bonded by
San Francisco syndicate.
SANTA Rosa, September 1st.-The boom
In this section seems to have set in in full
earnest. Within the past three weeks over
two million dollars worth of property has
changed hands, new additions being placed
upon the market daily, and there is some
talk of giving nightly concerts and having
things proceed after the most approved
southern style.
ST. HELENA, September 1st.-Real estate
agents report sales the past week of SSS 600.